Last Sold Price
13 beds7 baths
8695 MacArthur Road, Saranac, MI 48881

Description

Unbelievable investment opportunity. 6 unit mobile home community on 5 wooded acres. Super cash flow and 100% occupancy. 3 units rent at $575 and 3 are at $600 per month. Landlord pays trash, snow, and lawn. One well per 2 units. Each unit has private septic. Land contract terms could be available. Hurry to show!Unbelievable investment opportunity. 6 unit mobile home community on 5 wooded acres. Super cash flow and 100% occupancy. 3 units rent at $575 and 3 are at $600 per month. Landlord pays trash, snow, and lawn. One well per 2 units. Each unit has private septic. Land contract terms could be available. Hurry to show!
LISTING CLOSED: 10/21/2015 12:00 AM

  1. Listed by Darin K Elliott • Brokerage DRE #6503408104 • Greenridge Realty (Ionia)
    P: (616)-902-2235 delliott@greenridge.com

Property Details for 8695 MacArthur Road

Status
MLS #
15003046
Days on Market
264
Taxes
$3,700 / year
HOA Fees
-
Condo/Co-op Fees
$4,056 / month
Property Type
MLS Type
Residential Income / 5+ Units
Year Built
1978
Lot Size
5.00 AC / 217,800 SF
Zoning
Res
ZoningDescription
Res

Location

Listing Courtesy of Greenridge Realty (Ionia)

Sold By Greenridge Realty (Ionia)

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Building Information for 8695 MacArthur Road

Stories-Residences6Year Built1978Building Size-Lot Size5.00 AC / 217,800 SF

Payment Calculator

$4,974 per month

30 year fixed, 6.55% Interest

Principal and Interest

$610

Property Taxes

$308

HOA Dues

$4,056

The Payment Calculator is for illustrative purposes only.

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Property Information for 8695 MacArthur Road

Summary
Location and General Information
  • Cross Streets: Ivan, Darby
  • Municipality: Boston Twp
  • Directions: I-96 to Saranac/Clarksville Exit, N on Nash hwy to Grand River, East to Darby Rd, N to MacArthur, West to Property
  • Area - Major: Grand Rapids - G
  • Street #: 8695
  • Street Name: MacArthur
  • City: Saranac
  • State: MI
  • Zip Code: 48881
  • County: Ionia
  • Latitude: 42.911412
  • Longitude: -85.246653
  • Area - Minor: Grand Rapids - G
Taxes and HOA
  • Taxable Value: 74100.0
  • Approx. Assoc Fee: $0
  • Tax ID #: 3402001500005503
  • Homestead: 0
  • SEV: 74100
Parking
  • Parking Features: Unpaved
  • Parking Total: 24.0
  • Attached Garage: No
  • Driveway: Unpaved
Virtual Tour
  • Total Virtual Tours Count: 0
  • Total Open Houses Count: 0
Property
Lot Information
  • Lot Features: Recreational, Wooded
  • Lot Dimensions: 520x675x500x572
  • Lot Measurement: Acres
  • Lot Acres: 5.0
  • Lot Square Footage: 217800.0
  • Lot Size Area: 5.0
Property and Assessments
  • Tax Year: 2014
  • Road Surface Type: Unimproved
  • Legal: LL IN LO, Listing includes 3 Parcels
  • Property Sub-Type: 5+ Units
  • New Construction: No
  • Total Floor Plans Count: 0
  • Property Type: Multi Family
  • Year Built: 1978
  • Video Groups: 0
  • Mineral Rights: Unknown
  • Accessibility Features YN: No
Utilities
  • Utilities: Phone Available, Electricity Available, Phone Connected, Electricity Connected
  • Electric: True
  • Sewer: Septic Tank
  • Water Source: Well
  • Util Avail at Street: Electricity Available, Phone Available
  • Utilities Attached: Electricity Connected, Phone Connected
  • Water: Well
Interior and Exterior Features
Exterior Features
  • Roof: Composition
  • Construction Materials: Vinyl Siding
  • Street Type: Unpaved
  • Exterior Material: Vinyl Siding
  • Roofing: Composition
  • Substructure: Crawl Space
Interior Features
  • Heating: Forced Air
  • Basement: No
  • Basement Yes/No: No
  • Bathrooms Total (Integer): 0
  • Bathrooms Total (Decimal): 0.0
  • Bathrooms Total (Notational): 0.0
  • Heating: Yes
  • Heat Source: Propane
  • Heat Type: Forced Air
Multi Family
Multi Family Information
  • Number of Units: 6
Income & Expense
  • Maintenance Expense: $4,056.00
  • Insurance Expense: $725.00
  • Net Operating Income: $33,819.00
  • Gross Income: $42,300.00
Unit Information
Unit 1
  • BathsTotal: 2
  • BedsTotal: 2
  • ActualRent: $600.00
  • Occupied: Yes
  • SqFt: 980.0
  • Description: Unit 1
Unit 2
  • BathsTotal: 1
  • BedsTotal: 2
  • ActualRent: $600.00
  • Occupied: Yes
  • SqFt: 924.0
  • Description: Unit 2
Unit 3
  • BathsTotal: 1
  • BedsTotal: 2
  • ActualRent: $600.00
  • Occupied: Yes
  • SqFt: 924.0
  • Description: Unit 3
Unit 4
  • BathsTotal: 1
  • BedsTotal: 3
  • ActualRent: $575.00
  • Occupied: Yes
  • SqFt: 980.0
  • Description: Unit 4
Unit 5
  • BathsTotal: 1
  • BedsTotal: 2
  • ActualRent: $575.00
  • Occupied: Yes
  • SqFt: 1024.0
  • Description: Unit 5
Unit 6
  • BathsTotal: 1
  • BedsTotal: 2
  • ActualRent: $575.00
  • Occupied: Yes
  • SqFt: 980.0
  • Description: Unit 6
Rental
Rental Information
  • Occupant Type: Tenant
  • Tenant Pays: Electric, Gas
  • Owner Pays: Trash Collection
  • Terms Available: Cash, Conventional

Property History for 8695 MacArthur Road

DateEvent & SourcePriceAppreciation
Oct 21, 2015

Sold

Michigan Regional Information Center #15003046

$120,000
Oct 21, 2015

Sold

Realcomp #65015003046

$120,000
Oct 14, 2015

Contract Signed

Michigan Regional Information Center #15003046

DateEvent & SourcePrice
10/21/2015

Sold

Michigan Regional Information Center #15003046

$120,000
10/21/2015

Sold

Realcomp #65015003046

$120,000
10/14/2015

Contract Signed

Michigan Regional Information Center #15003046

For completeness, we often displays two records for one sale: the MLS record and the public record.

Schools near 8695 MacArthur Road

This home is within Saranac Community Schools.
Rating
School
Type
Grades
Distance
Public - PK to 6
Public - 7 to 12
Rating
School
Distance
Saranac Elementary School
PublicPK to 6

Saranac Jr/Sr High School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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Listing Courtesy of Greenridge Realty (Ionia)

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